Vapor Corp., (NASDAQ:VPCO) continues to trade lower. The stock made a big move last month when it bounced off $1 and reversed to highs near $4 per share. VPCO was recently up listed to the NASDAQ in May of this year and hit the senior exchange at over $7 per share.
VPCO used to trade on the bb’s as Miller Diversified Corporation and owned a commercial cattle feeding business. The farms were subsequently sold, but the Company’s principal business, remained commercial cattle feeding that was operated on a feedlot facility and with equipment leased or rented from MFL until October 31, 2003.
Vapor Corp., (NASDAQ:VPCO) a publicly traded company, is a leading U.S. based electronic cigarette company, whose brands include Krave®, VaporX®, Hookah Stix®, Alternacig® and Fifty-One®. We also design and develop private label brands for some of our distribution customers. “Electronic cigarettes” or “e-cigarettes,” and “Vaporizers,” are battery-powered products that enable users to inhale nicotine vapor without smoke, tar, ash or carbon monoxide.
Vapor sells its electronic cigarettes under several different brands, including under the Krave®, Fifty-One® (also known as Smoke 51), VaporX®, Hookah Stix®, Alternacig®, EZ Smoker®, Green Puffer®, Americig®, Fumaré™ and Smoke Star®. It also designs and develops private label brands for distribution customers. Vapor’s in-house engineering and graphic design teams work to provide aesthetically pleasing, technologically advanced affordable e-cigarette options.
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Vapor’s electronic cigarettes, vaporizers and accessories are available online, through direct response to our television advertisements and through retail locations throughout the United States. For more information on Vapor Corp. and its e-cigarette and vaporizer brands.
VPCO offers disposable electronic cigarettes in multiple sizes, puff counts, styles, flavors and nicotine strengths; rechargeable electronic cigarettes that use replaceable cartridges (also known as “atomizers or cartomizers”); and rechargeable vaporizers for use with either electronic cigarette solution (“e-liquid”) or dry herbs or leaf.
Disposable electronic cigarettes feature a one-piece construction that houses all the components and is utilized until the nicotine or nicotine free solution is depleted.
Rechargeable electronic cigarettes feature a rechargeable battery and replaceable cartridge (also known as a “atomizer or cartomizer”). The atomizers or cartomizers are changed when the solution is depleted from use.
Vaporizers feature a tank or chamber, a heating element and a battery. The vaporizer user fills the tank with e-liquid or the chamber with dry herb or leaf. The vaporizer battery can be recharged and the tank and chamber can be refilled.
On August 27 VPCO announced that the Company and International Vapor Group, Inc. and certain of its subsidiaries (“IVG”) have mutually terminated their previously announced asset purchase agreement entered into on May 14, 2014 and amended on July 25, 2014.
The Company and IVG mutually terminated the asset purchase agreement because the parties could not agree upon certain operational and financial matters pertaining to the post-closing integration of IVG’s business operations. There are no current disputes or disagreements between the Company and IVG and neither party is liable for any breakup fees or reimbursement of costs to the other party as a result of the termination of the asset purchase agreement.
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VPCO filings show $3.5 million in the treasury and $20 million in revenues although the Company continues to lose significant $ due to high operating expenses.
Conclusion: VPCO is a good barometer of the Marijuana sector and has a history of making big moves. The stock recently made a big move after hitting a recent low of $1.02 reversing to highs near $4 per share.
VPCO is starting to heat up again as pot was legalized in Alaska, Oregon and Washington DC (besides Colorado and Washington where it was already legal). The stock has new support levels at $1.50 and continues to make higher highs and higher lows.
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Disclosure: we hold no position in VPCO either long or short and we have not been compensated for this article.